The High Court has nullified the Kenyan Government's sale of its 15 percent stake in Safaricom to South Africa’s Vodacom Group, citing significant procedural and constitutional violations.

• The court found a lack of meaningful public participation and concerns over national security.
• Key entities involved include the Kenyan Government, Safaricom PLC, and Vodacom Group, with KCB Investment Bank named as a flawed transaction advisor.
• The nullification, valued at approximately Sh204 billion, was also based on breaches of public finance and equity principles, and the transaction's treatment as a simple share sale despite involving a merger and acquisition.